The main drivers for growth are listed as IP video networks and higher demand from Asia, as well as greater success in penetrating vertical markets including transport, retail, healthcare and education.
Major global players in the world of security and safety are responding to rapid demand surges and accelerating delivery of innovative leading-edge products, services and solutions. Taiwan Excellence Award-winning Taiwanese companies EverFocus Electronics Corporation, VIVOTEK Inc., QNAP Systems Inc., and PLANET Technology Corporation have contributed significantly to Taiwan hitting the top position worldwide in IP video surveillance, disaster prevention and fire safety.
Latest reports from research company Memoori estimate the total worldwide market value of the security industry to be over $25 billion. These latest figures highlight a rapid growth rate of 7.5% in 2014 alone. The main drivers for growth are listed as IP video networks and higher demand from Asia, as well as greater success in penetrating vertical markets including transport, retail, healthcare and education.
A report from IMS Research cited the increasing adoption of HD and high megapixel video surveillance systems as the key driver for growth in the video surveillance market. With more than 2,000 manufacturers, Taiwan makes up over 10% of the global market share of surveillance systems and sets its sights on future growth in the security sector.
Speaking at an exclusive showcase of seven Taiwanese products at IFSEC International 2015, Dr. C.K. Liu from the Taipei Representative Office in the U.K. said: "Taiwan is committed to continuing to grow its market share in the security technology sector. We are already home to the leading lights of secure-tech innovation and will be seeking to build on our track record of success in order to maximise on the opportunities presented by global rising demand."
Business Development Manager Jason Chen of QNAP Security said: "QNAP is the only network storage company offering professional grade network surveillance globally. All products are 100 percent designed, engineered, tested and manufactured in Taiwan - something we are incredibly proud of.
"We are the world's first Linux-embedded NVR developer and our spirit of continuous innovation means we continue to provide professional surveillance solutions with market-fresh applications."
Mr Chen outlined QNAP's strategic priority of working to attract global talent to its base in Taiwan in order to drive growth and further strengthen local reach.
VIVOTEK Vice President William Ku explained that future plans for growth centre on delivering high quality cost-effective products that are fully integrated and seamlessly connect to the Internet of Things.
VIVOTEK has continued to receive a number of awards in recognition of its innovative products, including the 2013 Deloitte Technology Fast 500 Asia Pacific Ranking award, the 16th Taiwan SMEA National Outstanding SMEs Award and most recently the 2015 Taiwan Excellence Award from the Ministry of Economic Affairs.
Also presenting at the technology showcase, Lidia Sung, the Regional Sales Manager at leading IP-based networking company PLANET explained: "The automated home sounds very futuristic but it is happening now."
Targeting the IoT, the Z-Wave e-Home Automation Control Gateway is a powerful tool designed to make home networking smarter and safer. Controllable by smart phone or tablet anywhere, anytime, PLANET's solution uniquely integrates IP-based networking (intercoms, cameras and wireless APs) with Z-Wave Plus (smoke detection, temperature control, door and window) technology.
Michel Verhoeven, the Senior Sales Manager at EverFocus, commented: "The security and safety sector has evolved dramatically in the last decade and there's no signs of it slowing down. At EverFocus, a core part of our growth plan is ensuring that our products are ever more adaptable and versatile. This was recently recognised at ISC West where the ESK1000 Sidekick was crowned the winner of the Tools and Hardware category of the SIA New Product Showcase."